The Balancer Report
Every week we share the latest ecosystem news and cover the most important governance developments. Let's dive in!
Balancer: TVL and Stats - DefiLlama
Balancer's TVL is $1.23bn. Distributed in the following manner:
The Total Mainnet TVL is $1.05bn and there is a decrease of about 15.32% compared to the $1.24bn of the previous week. Being located in the twelfth position according to TVL.
The Polygon TVL is at $98.25mm, in which a decrease of 12.18% is verified with respect to the $111.88mm of the previous week. Being in the third position according to TVL.
Arbitrum TVL is at $76.21mm, registering a decrease of 10.57% compared to the $85.22mm of the last week.
The Gnosis TVL is at $4.99mm, that is, a 12,76% decrease compared to the $5.72mm of the previous week.
And finally, Balancer on Optimism by Beethoven X sits at $45.47mm TVL.
Balancer highlights Generalized Boosted Pools
Boosted pools offer lower slippage and allow LPs to improve capital efficiency thanks to “storing the majority of their liquidity on external protocols as yield-bearing versions of common tokens.”
Variations of boosted pools are already used by industry leaders such as 1Inch and Aave and they have also been brought to Optimism by BeethovenX and later 1Inch as well.
Generalized Boosted Pools take this a step further and “allow for the integration of yield-bearing markets within Balancer”, meaning that it is possible to create them for any tokens.
Check out this article by Orb for a complete overview.Aave deploys v3 bbaUSD and wstETH/bb-a-weth Pools! They take advantage of DeFi composability and offer “high capital efficiency and superfluid, consolidated liquidity”.
As Stani Kulechov, the founder of Aave, put it: “As a result of this integration, deposits of stablecoins into the Balancer Aave boosted pool will bring additional yield to balancer LPs, including boosting the pool liquidity.”0x comes through with an overhaul that brings the following:
The 0x Dashboard, that allows builders to “generate API keys for new projects, monitor and manage integrations, get access to new APIs and tap into more dev resources.”
Swap API which offers access to 100+ exchanges
Tx Relay API which supports and streamlines gasless transactions
Orderbook API which is live on Ethereum, BNB Chain and Polygon with more blockchains coming soon
Tx history + Token registry
A new website
Euler Finance shared another update on the redemption process.
Etokens held in smart contracts can be redeemed through:https://redemptions.euler.finance/
(This includes bb-e-usd but not stablecoins that remain in linear pools).
Balancer is working on a tool that will help withdrawing these assets easier.Valory, a Wave 5 grantee, is finalizing its first Smart Managed Pool which can manage a Balancer Pool automatically with the help of Autonolas.
The pool automatically adjusts its allocations based on the Fear and Greed index. Computation is done in a decentralized off-chain manner.Here are the current bribes on HiddenHand. The round ends on April 27, 2023.
This section will list the top three expected pools to receive most of the next period’s emissions. Voting is open for four more days, and the next period is scheduled to start on Thursday at 00:00 am UTC.
Mainnet - OHM / DAI - currently at 10.99%.
Mainnet - wstETH / WETH - currently at 10.03%.
Mainnet - AuraBAL Stable Pool - currently at 7.40%.
You can find an overview of the current LM incentives on the Balancer Mainnet below:
Last week saw 15 Snapshot votes with all of them being approved except for [BIP-264]:
[BIP-253] Permission granting for managed v2, composableStable v4, weighted v4 factories
[BIP-254] Funding Proposal For Beethoven X DAO
[BIP-255] Approve Cron Fi TWAMM Relayer
[BIP-256] Enable swETH/WETH Gauge on Ethereum
[BIP-257] Enable WETH/USDC Gauge [Ethereum]
[BIP-258] Enable STG/bbaUSD Gauge [Arbitrum]
[BIP-259] stMATIC-bb-a-WMATIC/bbamUSD Gauge [Polygon]
[BIP-260] Enable wstETH-bb-a-WETH/bbamUSD Gauge [Polygon]
[BIP-261] Aave v3 Gauge Migration 2
[BIP-262] L2 Gauge Migration
[BIP-263] Deploy Balancer to Base
[BIP-264] Proposal to engage Smart Contract audit through Balancer OpCo Limited
[BIP-265] Enable wstETH/rETH Gauge [Ethereum]
[BIP-266] Enable COIL/USDC gauge w/2% cap [Ethereum]
[BIP-267] Enable USH/unshETH Gauge on Ethereum
Like every week, Dubstard shares a few warnings:
Remember, there is no such thing as "Encrypt Wallet", "Node Sync", "Wallet Synchronization", "Rectification", "Remediation", "Fee Reduction", "NFT Mint" and so on. Those are all fake sites and imaginary "tech" sounding reasons for bait users to visit the bogus sites.
Do not open any links sent to you in DMs from anyone pretending to be "mod," "admin", "staff member", etc.
Disable your DMs. Do not entertain scammers or get involved with their BS.
Joining other Discord servers someone invited you to via DM, opening links or interacting via DMs will likely result in loss of assets!
Stay safe! Admins, Ballers and staff will NEVER DM you first. Anyone who messages you privately is likely a scammer.
Remember, Balancer labs operates primarily under the domain
https://balancer.fi/
Balancer has a flourishing ecosystem. You’re welcome to contribute to it whether you’re a dev, a community person, or a graphic designer! We strive toward onboarding every new member in a smooth and personalized way.
Join the Ballers and start your Balancer journey now: http://discord.balancer.fi
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